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AI’s hunger for power sparks US private gas plant boom
WASHINGTON, Aug 11 — As US tech companies race to build the data centres fueling the AI boom, they are increasingly putting up their own power plants — off the grid and running on gas — to get online faster. Analysis
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Oil prices jump further as hopes for Hormuz deal fade
HONG KONG, Aug 11 — Oil prices extended a strong rally today as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year.
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MyAngkasa Capital Sdn. Bhd. Appointed To Raise Up To US$1 Billion For 65 MW Ai Data Centre At Cyber Valley
Kuala Lumpur, 11 August 2026 — MyAngkasa Capital Sdn. Bhd. has been appointed to raise up to US$1 billion to finance the development of a 65 MW next-generation Artificial Intelligence (AI) Data Centre at Cyber Valley, Selangor. The mandate was
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Meta pushes global AI vision amid race with OpenAI, Anthropic and China
SAN FRANCISCO, Aug 11 — Meta boss Mark Zuckerberg laid out a vision for how the United States and the social media giant could win a global race to dominate AI amid fierce competition from China. In a long essay
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Malaysia’s construction material prices creep higher — except sand, which jumps nearly 15pc, DOSM says
KUALA LUMPUR, Aug 10 — The unit price index of sand increased in July 2026, ranging from 0.1 per cent to 14.9 per cent nationwide, compared to the previous month, said the Department of Statistics Malaysia (DOSM). In a statement
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Bursa rides Wall Street’s coattails to a firmer open
KUALA LUMPUR, Aug 10 — Bursa Malaysia opened higher on Monday, taking cues from gains on Wall Street on Friday. At 9.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.21 of a point to 1,735.96 from Friday’s close
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US jobs shock gives ringgit a lift, but Hormuz remains the wildcard
KUALA LUMPUR, Aug 10 — The ringgit opened higher against the US dollar on Monday on weaker United States (US) non-farm payrolls (NFP) data. At 8am, the local currency strengthened to 4.0875/0925 against the greenback from Friday’s close of 4.0885/0930.
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Football vs Wall Street: Inside the fight for the World Cup’s soul
LONDON, Aug 9 — What does artificial intelligence (AI) have to do with the World Cup? Quite a lot, according to the tech investors who were prepared to put billions of dollars into Fifa’s proposed private investment vehicle before fierce
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Proton e.MAS hits 30,000 registrations as Malaysia’s EV push gathers pace
SUBANG JAYA, Aug 7 — Proton e.MAS says it has become the fastest automotive brand in Malaysia to surpass 30,000 electrified vehicle (xEV) registrations, reaching 31,504 units just 20 months after launching its first model. The company said 30,293 of
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China’s trade machine roars back in July as AI demand lifts exports
BEIJING, Aug 7 — Chinese exports and imports soared in July, official data showed Friday, as the manufacturing powerhouse benefits from a global AI boom lifting overseas demand for its tech products. Exports climbed 23.9 per cent year-on-year last month,
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